Continuous-time dynamic network yield management with demand driven dispatch in the airline industry

Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.tre.2007.12.001

Title:	Continuous-time dynamic network yield management with demand driven dispatch in the airline industry
Authors:	Wang, X. Meng, Q.
Keywords:	Demand driven dispatch Integrated supply and pricing Network yield management
Issue Date:	Nov-2008
Citation:	Wang, X., Meng, Q. (2008-11). Continuous-time dynamic network yield management with demand driven dispatch in the airline industry. Transportation Research Part E: Logistics and Transportation Review 44 (6) : 1052-1073. ScholarBank@NUS Repository. https://doi.org/10.1016/j.tre.2007.12.001
Abstract:	This study integrates the airlines dynamic network yield management and demand driven dispatch. In this problem, the final fleet assignment is determined by the accepted bookings. The objective is to develop a policy for acceptance/rejection of booking requests to maximize the total expected revenue less operational cost. This paper simultaneously makes optimal dynamic yield management and fleet assignment decisions. In addition, it investigates a special popular practical instance in North America in which the a priori fleet assignment imbeds aircraft swap opportunities. An approximate dynamic method is specially proposed for it, and numerical results demonstrate its strong applicability. © 2008 Elsevier Ltd. All rights reserved.
Source Title:	Transportation Research Part E: Logistics and Transportation Review
URI:	http://scholarbank.nus.edu.sg/handle/10635/65350
ISSN:	13665545
DOI:	10.1016/j.tre.2007.12.001
Appears in Collections:	Staff Publications

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